(Loss) Earnings per Share

9 Months Ended

Sep. 30, 2019

The following table reconciles the numerators and denominators of the basic and diluted (loss) earnings per share computation (in thousands, except per share data):


	Three months ended						Nine months ended
	September 30,						September 30,
	2019		2018		2019		2018
Numerator:
Net (loss) income	$	(12,232)	$	236	$	(11,302)	$	708
Denominator for basic (loss) income per common share:
Weighted average common shares outstanding	13,137		12,977		13,112		12,953
Denominator for diluted (loss) earnings per share:
Weighted average common shares outstanding	13,137		12,977		13,112		12,953
Dilutive effect of stock options and restricted stock	—		277		—		275
Diluted weighted average shares	13,137		13,254		13,112		13,228
(Loss) Earnings per common share:
Basic	$	(0.93)	$	0.02	$	(0.86)	$	0.05
Diluted	$	(0.93)	$	0.02	$	(0.86)	$	0.05

In the three and nine months ended September 30, 2019, restricted stock and stock options were not included in the computation of diluted loss per share due to their antidilutive effect.

In the three months ended September 30, 2018, options to purchase 126,334 shares of common stock with exercise prices ranging from $22.90 to $33.36 were not included in the computation of diluted earnings per share, due to their antidilutive effect.

In the nine months ended September 30, 2018, options to purchase 82,167 shares of common stock with exercise prices ranging from $28.15 to $33.36 were not included in the computation of diluted earnings per share, due to their antidilutive effect.